Short Term Elliott Wave View in GBPUSD suggests cycle from 2.3.2025 low is in progress as an impulse. Up from 2.3.2025 low, wave ((i)) ended at 1.2679 s the 1 hour chart below shows. Wave ((ii)) pullback unfolded as an expanded Flat Elliott Wave structure. Down from wave ((i)), wave (a) ended at 1.2603 and […]
The post Elliott Wave View: GBPUSD Extending Higher in Wave 5 Impulse appeared first on Action Forex.
The Bank of Canada today reduced its target for the overnight rate to 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. The Canadian economy entered 2025 in a solid position, Read more…
Daily Pivots: (S1) 146.83; (P) 147.48; (R1) 148.41; More… USD/JPY’s recovery from 146.52 extends higher today, but it’s still seen as part of a consolidation pattern. Intraday bias remains neutral for now. Upside should be Read more…
Daily Pivots: (S1) 0.8787; (P) 0.8812; (R1) 0.8850; More… Intraday bias in USD/CHF remains neutral as consolidation from 0.8757 is in progress. Upside of recovery should be limited by 0.8911 support turned resistance to bring Read more…